Orsted
ESRS disclosure: ESRS S3 \ DR S3-4 \ Paragraph AR 43
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- Provide a detailed description of the internal functions involved in managing impacts, specifying the types of actions these functions undertake to address negative impacts and promote positive impacts. This disclosure should align with the process for setting targets related to managing material negative impacts, advancing positive impacts, and managing material risks and opportunities, as outlined in Disclosure Requirement S3-5. Additionally, indicate whether and how the undertaking engaged with affected communities or their representatives in accordance with Disclosure Requirement S3-4.
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Question Id: S3-4_19
Currently, we have not set time-bound and outcome-oriented targets that meet the criteria for effectively reducing negative impacts, advancing positive impacts, or managing material risks and opportunities related to affected communities. However, we recognise the importance of establishing robust targets to drive meaningful progress in this area.
We are working to establish a clear community engagement process that will involve engaging directly with the affected communities, their representatives, or credible proxies. In the meantime, we are focused on gathering data and assessing current practices to ensure that future targets are effective and aligned with stakeholder needs. We are not yet fully able to monitor how effectively our policies and actions address our material sustainability-related impacts, risks, and opportunities for affected communities.
Report Date: 4Q2024Relevance: 50%